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Tongge 6.10 ETH Strategy
$ETH Rebound to around 1650-1670 to enter the market, stop loss above 1690, first target at 1600, second target at 1500
The market continues to grind downward, and the price is still being suppressed by all moving averages. The rebound lacks volume, and there are no signs of capital inflow. This kind of bearish decline often leads people to think "It’s fallen so much, it should rebound," but the true bottom either comes from panic selling or from prolonged sideways grinding, neither of which has been seen yet.
Don’t rush to guess the bottom; guessing the bottom is the most expensive habit in the market. Before the trend changes, a rebound is just an opportunity for a quick move, so just follow the trend.